TIGRIS WATER FUND L.P.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Tigris Asia Water Fund is a Private Equity Fund which targets investments mainly in water companies in infrastructure as well as other clean environment (renewable energy, energy efficiency and waste treatment) in Asia, (with China, India and Indonesia as key markets). Water infrastructure assets include water treatment plants, waste water treatment plants, water recycling plants and desalination and other related projects. The Sponsors of the Fund will be Odyssey Capital Pte Ltd and Macquarie Capital.
What is our funding objective?
The Fund will primarily invest in industrial water, where political risks are lower and will generally avoid investing in water distribution companies to minimize political sensitivities and business risks associated with provision of certain basic utilities services such as water. The Fund aims to invest an aggregate of USD 10-30 million each in 10-20 portfolio companies, for significant minority stakes between 20-49 percent.
Why do we fund this investment?
The Fund fits well into FMO requirements, and targets one of FMO's focus sectors and its investment strategy particularly focusses on the mid-market. The Fund has a high development impact as there is very limited activity of PE Fund in the water sector.
- Website customer/investment
- http://www.odysseycapital.com.sg
- Region
- Asia
- Country
- Asia
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/23/2015
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B